#8216727 - 05/19/15 04:22 PM
First world problems - GTA baller attitude up north?
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Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
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Bid 19k under asking on a cottage today, got outbid by an offer over asking and with financing waived, the well/water inspection waived. Only on cottage inspection.
I wasn't emotionally attached, it was going to be primarily a rental, but damn, I still feel disappointed as we were going to use it too this summer. (Turn key operation with no reno to do). Already had the details worked out, 8-10 week rental at 3500 per week in the summer 2-4 in the winter (its right close to the snowmobiling trails)
 WTF, the same bidding frenzy in cottage country as in the GTA?
http://www.realtor.ca/propertyDetails.aspx?PropertyId=15669366
Ahh well, back to looking
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#8216841 - 05/19/15 05:55 PM
Re: First world problems - GTA baller attitude up north?
[Re: titty sprinkles]
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Lafora
Post Master Sr
Registered: 12/16/01
Posts: 4623
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had to admit; i chuckled at putting in an offer under asking.
it's may for fuck's sakes.
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#8216920 - 05/19/15 06:45 PM
Re: First world problems - GTA baller attitude up north?
[Re: Choco 'Nuck]
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Cee_mon
Post Master Sr
Registered: 12/15/01
Posts: 5273
Loc: Barrie, Ontario
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had to admit; i chuckled at putting in an offer under asking.
it's may for fuck's sakes.
Yes, but its not Muskoka, or the Kawarthas, its goddam 3 hours away  . Dat cheap money combined with buying condos for rent/flip not making anymore sense means I'm fuxor3d. You can tell me.... go ahead
Where about were you looking?
_________________________
If it doesn't make dollars....than it doesn't make sense
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#8216942 - 05/19/15 07:06 PM
Re: First world problems - GTA baller attitude up north?
[Re: Lafora]
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Euphoricuck
Post Master Supreme
Registered: 11/05/03
Posts: 92703
Loc: Canadistan
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had to admit; i chuckled at putting in an offer under asking.
it's may for fuck's sakes.
_________________________
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#8217017 - 05/19/15 08:33 PM
Re: First world problems - GTA baller attitude up north?
[Re: Euphoricuck]
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LNXGUY
Post Master Supreme
Registered: 08/06/00
Posts: 106943
Loc: Barrie, Ont,
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had to admit; i chuckled at putting in an offer under asking.
it's may for fuck's sakes.
it's a cottage. Not Markham.
City money is buying it all up though, so the same attitude comes when buying 
I hope you find something Wayne!
_________________________
-Bill The GN would OWN you, your children and your children's children. '09 E90 335 d 
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#8217041 - 05/19/15 08:57 PM
Re: First world problems - GTA baller attitude up north?
[Re: Euphoricuck]
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Lafora
Post Master Sr
Registered: 12/16/01
Posts: 4623
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had to admit; i chuckled at putting in an offer under asking.
it's may for fuck's sakes.
it's a cottage. Not Markham.
i realize that; but it's also may, not november.
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#8217315 - 05/20/15 05:23 AM
Re: First world problems - GTA baller attitude up north?
[Re: loudsubz]
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Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
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Nice place too bad that area is so far from us.
Looking in Haliburton as well, (kashigawigamog, canning, soyers etc), then drag lake, kennesis and little kennesis, redstone, little redstone), as far north as kawaga (east of dorset). I'll even consider the east side of lake of bays, because the west side close to Muskoka is simply unaffordable.
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#8217347 - 05/20/15 06:46 AM
Re: First world problems - GTA baller attitude up north?
[Re: Choco 'Nuck]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
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You are out of your mind to pay that for a cottage lol
This is what the second you lost? It's probably a good thing.
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#8217529 - 05/20/15 09:23 AM
Re: First world problems - GTA baller attitude up north?
[Re: Screamin Type ARGH!]
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Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
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Going to see this
http://www.realtor.ca/propertyDetails.aspx?PropertyId=15529462
Been on the market for 2 years originally listed at $789,000 then $699,000 now listed at $649,000.
Problems:
1. Shadow lake is a reservoir lake, feeding other lakes on the Trent, and it had really low water levels in 2010.
2. The property has an easement with a road to the other cottages 30m behind it. Don't want to deal with noisy traffic. Builder has put in a bypass road doe
https://goo.gl/maps/PBhNW
Trying to get opinions here since I haven't done a rental market assessment for this area. Would you guys consider renting something like this since it looks more like a house inside than a cottage? How low do I lowball?
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#8217881 - 05/20/15 12:28 PM
Re: First world problems - GTA baller attitude up north?
[Re: LNXGUY]
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Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
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Bill, the last two are badass!! If I was buying a family cottage, then yeah, But I am looking for at least 4 bedrooms to maximize my rental potential. This isn't necessarily a cottage for myself. We will use it when not rented, but its an investment property. We have one condo already, not going to buy another, it doesn't make sense.
That said, I do want a big lake so that when I am there, I can stretch the legs on our boat.
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#8217906 - 05/20/15 12:38 PM
Re: First world problems - GTA baller attitude up north?
[Re: Screamin Type ARGH!]
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Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
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Yup, better than mine too
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#8217940 - 05/20/15 12:52 PM
Re: First world problems - GTA baller attitude up north?
[Re: Choco 'Nuck]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
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Let's pool our money together and buy a neighbourhood in Hamilton 
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#8218275 - 05/20/15 03:49 PM
Re: First world problems - GTA baller attitude up north?
[Re: Choco 'Nuck]
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titty sprinkles
Post Master Supreme
Registered: 08/22/05
Posts: 17179
Loc: Toronto,Ontario
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Going to see this http://www.realtor.ca/propertyDetails.aspx?PropertyId=15529462Been on the market for 2 years originally listed at $789,000 then $699,000 now listed at $649,000. Problems: 1. Shadow lake is a reservoir lake, feeding other lakes on the Trent, and it had really low water levels in 2010. 2. The property has an easement with a road to the other cottages 30m behind it. Don't want to deal with noisy traffic. Builder has put in a bypass road doe https://goo.gl/maps/PBhNWTrying to get opinions here since I haven't done a rental market assessment for this area. Would you guys consider renting something like this since it looks more like a house inside than a cottage? How low do I lowball?
fuck yes.
all of my cousins and i are looking to rent a cottage for a week, and all of the ones that we found are like the cottage in the link; on the water, but not a "cottage" inside. let me tell you they are ALL booked already.
if you do buy to rent out, toss some kid stuff in there like a play room or something and it'll get rented out no problem.
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2019 TLX Aspec
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#8218278 - 05/20/15 03:52 PM
Re: First world problems - GTA baller attitude up north?
[Re: titty sprinkles]
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TheRealCSnapper
Post Master Supreme
Registered: 12/05/02
Posts: 31955
Loc: Toronto, Canada
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Going to see this http://www.realtor.ca/propertyDetails.aspx?PropertyId=15529462Been on the market for 2 years originally listed at $789,000 then $699,000 now listed at $649,000. Problems: 1. Shadow lake is a reservoir lake, feeding other lakes on the Trent, and it had really low water levels in 2010. 2. The property has an easement with a road to the other cottages 30m behind it. Don't want to deal with noisy traffic. Builder has put in a bypass road doe https://goo.gl/maps/PBhNWTrying to get opinions here since I haven't done a rental market assessment for this area. Would you guys consider renting something like this since it looks more like a house inside than a cottage? How low do I lowball? fuck yes. all of my cousins and i are looking to rent a cottage for a week, and all of the ones that we found are like the cottage in the link; on the water, but not a "cottage" inside. let me tell you they are ALL booked already. if you do buy to rent out, toss some kid stuff in there like a play room or something and it'll get rented out no problem.
my buddy's family got one on lake joe that they rent out. it's not beautiful like the ones OP linked. it's an actual cottage but it's on the water.
let me know if you are stuck and i'll see when and how much.
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#8218330 - 05/20/15 04:55 PM
Re: First world problems - GTA baller attitude up north?
[Re: Wildout]
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loudsubz
Post Master Supreme
Registered: 08/16/01
Posts: 11333
Loc: Ontario, Canada
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ours is for sale for $475, on little whitefish lake, real cottage inside and out, needs some TLC but comes with a boathouse and sauna 
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#8227403 - 05/28/15 08:57 PM
Re: First world problems - GTA baller attitude up north?
[Re: iamfob]
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Choco 'Nuck
Proud Member of BLM
Post Master Supreme
Registered: 07/10/01
Posts: 17568
Loc: Somewhere out there
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So the first cottage that we got outbid on is back on the market, the deal fell through.
Lots of nope, nope nope there, wouldn't even offer on it now. Closing on the second one in a month. The owner's cost break down is like this
Original Purchase - $210 K (Purchased in 2007 for $202K, plus closing cost, plus demolition costs and lot preparation).
Back Lot Parcel - $30 K
Cottage construction in 2009, septic, well, generator - $420 K
Geothermal System - $35 K
Garage - $35 K
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Total - $730 K
lets just say he ate over 100k for what we bought it for....
Unff!
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